Remove Irrevocability Remove Real Time Payments Remove Risk Mitigation
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Ready Or Not, Faster Payments Will Impact Corporate Operations

PYMNTS

Still, others have said that B2B payments should be largely left out of the faster payments conversation. remains in its early days of faster and real-time payments adoption, so neither of these two schools of thought have been proven correct.

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Finovate: FICO Falcon X Detects Fraud, Financial Crime

FICO

At Finovate, the big news was that FICO Falcon X delivers AI and machine learning technology in dramatically new ways, helping to prevent new forms of fraud and financial crime growing rapidly along two vectors: Real-time payments, including many offerings from fintechs in person-to-person (P2P) and business-to-business (B2B) categories.

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Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation

The Payments Association

Without equivalent protections, theres a real risk that a completed transaction could be unwound if a counterparty fails, she warneda risk amplified when payments are irrevocable and instantaneous. But as Paul Palmer pointed out, safety in real-time payments isnt just a legal question.